College Planning

IS FOR EVERY CHILD.

You’ve assumed the greatest responsibility in life—raising your children. As part of that duty, you’re likely contemplating their college education. That’s an undertaking that can overwhelm almost any parent. With all the options available to you it can seem overwhelming to pick what is right for you and your family.

Let us tell you why Team Dynasty chooses Life Insurance to plan for college. One of the advantages of cash value life insurance, like whole life, is that it is exempt from the formula used to determine eligibility for college financial aid. While assets such as brokerage funds and bank accounts are considered countable assets in determining the Expected Family Contribution (EFC) for college, the cash value in a life insurance policy is not. By positioning assets in cash value life insurance, a family can lower their EFC and improve the chances of qualifying for scholarships or grants.

Also, if your child chooses not to go to college you still have access to all of the money you saved to be used for whatever you choose. There is no tie to using the cash value for secondary education.

When planning for college parents have an option to purchase a MEC policy. The reason they choose to do this is the cash value in a life insurance policy isn't factored in when completing a financial aid (FAFSA) form, so monies in a MEC may improve a student's aid eligibility while simultaneously saving for college.

LET US SHOW YOU HOW TO UTILIZE LIFE INSURANCE FOR COLLEGE PLANNING!